Birlasoft offers digital and enterprise technology services. The company offers services including data analytics, digital analytics, IT Transformation, Testing, Application Management, Infrastructure and cloud technology to Banking, Manufacturing, Capital Market, Insurance, Energy and Resources, Life Science and Healthcare companies. Birlasoft has 11,900+ professionals and has a presence in the United States, United Kingdom, France, Germany, Dubai, Australia, India, and Singapore among other countries.
Birlasoft Ltd Stock Quote & Charts
323
-8.50 (-2.56%)
- Open: 328.65
- High – Low: 329.45 – 320.45
- Previous Close: 331.5
- Total Traded Value: 2323609
- Updated On: 8/22/2022 4:00 PM
Birlasoft Limited Buyback Detail
| Issue Period | Aug 11, 2022 – Aug 26, 2022 |
| Security Name | Birlasoft Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 0.78 Crores |
| Issue Size (Amount) | ₹390.00 Crores |
| Buyback Price | ₹500 per share |
| Face Value | ₹2 per share |
| Listing At | BSE, NSE |
Birlasoft Limited Buyback Issue Timetable
| Offer Opens On | Aug 11, 2022 |
| Offer Closes On | Aug 26, 2022 |
| Record Date | Jul 15, 2022 |
| Last Date for receipt of Tender Forms | Aug 26, 2022 |
| Finalisation of Buyback Acceptance | Sep 6, 2022 |
| Last Date for settlment of bids | Sep 7, 2022 |
| Last Date for Extinguishment of Shares | Sep 14, 2022 |
Buyback Ratio
| Category | Entitlement Ratio of Buyback |
|---|---|
| Reserved Category for Small Shareholders | 26 Equity Share out of every 557 Fully paid-up Equity Shares held on the Record Date. |
| General Category for all other Eligible Shareholders | 26 Equity Shares out of every 557 Fully paid-up Equity Shares held on the Record Date. |
Company Financials
| Particulars | For the year/period ended (Rs. in Million) | ||
|---|---|---|---|
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
| Total Income | 41,965.5 | 35,747 | 33,339.6 |
| Profit After Tax | 4,636.4 | 3,208.3 | 2,243.5 |
| Net Worth | 25,830.5 | 21,799.3 | 18,924.2 |
Stock price at BSE (in preceding 3 months)
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jun-2022 | 390.3 | 316.35 | 356.09 |
| May-2022 | 418.85 | 336.55 | 377.49 |
| Apr-2022 | 501.65 | 405.2 | 447.59 |
Stock price at NSE (in preceding 3 months)
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jun-2022 | 390.5 | 316.45 | 356.16 |
| May-2022 | 419.1 | 338.25 | 377.5 |
| Apr-2022 | 501.6 | 405.1 | 447.64 |
Necessity of the Issue
The buyback is being undertaken for the following reasons:
1. The Buyback will help the Company to distribute surplus cash to its members holding Equity Shares thereby enhancing the overall return for them.
2. The Buyback is generally expected to improve return on equity through the distribution of cash and improve earnings per share by the reduction in the equity base of the Company, thereby leading to a long-term increase in shareholders’ value.
Birlasoft Limited Buyback Documents
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Company Contact Information
Birlasoft Limited
Plot No. 35 & 36,
Rajiv Gandhi Infotech Park, Phase 1,
MIDC, Hinjawadi, Pune 411 057
Phone: +91 20 6652 5000
Email: contactus@birlasoft.com
Website: https://www.birlasoft.com/